299 East 8th Street
299 East 8th Street, New York, NY, 10009, US
12 937 000 $ | 30 unités
Description de l'actif
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange
the sale of a $2.0 million non-performing mixed-use loan (the “Note” or “Loan”). The Loan is
secured by the first mortgage on the fee-simple interest in a retail and multifamily property
located in the East Harlem submarket of Manhattan (the “Property” or “Collateral”).
As of October 2024, the Loan is non-performing due to a payment default in December 2023.
Constructed in 1910, the five-story Property consists of eight multifamily units and 1,500
square feet of retail space on the ground floor. Located along a well-traveled street, the
retail portion of the Property is 100% occupied. Additionally, the multifamily units are all
one-bedroom units and are rent stabilized.
The offering presents investors the opportunity to acquire the Loan at a favorable basis,
significantly below replacement cost, with a path to ownership on a mixed-use Property.
...
Attributs
Solde du principal non payé
2 874 802 $
Superficie du bâtiment nette
685 mètres carrés
Occupation
100 %
Nombre d'unités
8
Année de construction
1910
Zonage
R8A
Média
Points forts de l'investissement
Path to Ownership:
The non-performing Loan provides investors the ability to potentially step into the ownership position on a mixed-use property at an attractive basis.
Dynamic Community:
Situated in East Harlem, one of New York’s hottest and most dynamic neighborhoods, the Property benefits from nearby access to prime community amenities and staples including, Columbia University, Central Park, Mt. Sinai Hospital, and Costco.
Convenient Transit-Oriented Accessibility
Earning a transit score of 100/100, the Property is situated within a two-block radius of a subway station that services the 4, 5, and 6 lines. Through these lines, the Property is easily accessible from throughout to the three boroughs of the Bronx, Manhattan, and Brooklyn.
Fully Occupied Retail Space
The retail portion of the Property is currently 100% occupied by a traditional steakhouse that has occupied the Property dating back to 2011.
Contactez les courtiers
$2.0 Million Non-Performing Mixed-Use Loan | Manhattan, NY | Ten-X Auction (0 Propriétés)
JLL peut vous aider à financer et à gérer votre portefeuille. Envoyez-nous un courriel aujourd'hui pour voir comment nous pouvons vous aider à réaliser vos ambitions.
Dernière mise à jour
29 oct. 2024
